Treasury practices

Treasury Management is defined as:

“The management of the local authority’s investments and cash flows, its banking, money market and capital market transactions; the effective control of the risks associated with those activities and the pursuit of optimum performance consistent with those risks."

External debt: We currently have external debt of £63m attributable to our housing stock, which is approximately 4,220 properties.

Investment portfolio: At 31 March 2022 totalled £68.3m and averaged £75.3m over the year. Managing the portfolio involves around 100 money market transactions during the year, all of which are managed in-house.

Capital projects: We spent approximately £17.816m on capital projects during the 2021/22 financial year.

Capital spending: Approximately £22.505m has been allocated for Capital spending during 2022/23.

The Council has adopted the CIPFA code of practice for Treasury Management. We seek to identify, manage and control risk as a prime priority. Optimising returns is seen as secondary, but still important.

Treasury Measurement Practices (pdf)